Product description

The Invesco Physical Gold ETC aims to provide the performance of the London Bullion Market Association ("LBMA") Gold Price in USD. Each Gold ETC is a certificate which is secured by gold bullion held in J.P. Morgan Chase Bank’s London vaults. The issuer of the certificates, Invesco Physical Markets PLC (Invesco PMP), is an Irish-domiciled company administered by Wells Fargo Bank N.A. The vast majority of the gold bullion collateral is held in allocated gold bars. Any residual value that cannot be split into standard gold bars will be put into unallocated gold. This is placed in a segregated account with J.P. Morgan Chase Bank acting as Custodian and Deutsche Bank as Trustee. The investment return is achieved by holding gold bullion, which is valued daily at the London PM auction price. Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.

Please note that, prior to 27 March 2018, the name of this product was Source Physical Gold ETC. This change has no bearing on the investment objective or any other aspect of the product.

Security Information

General information
Base currency USD
Dividend treatment None
Minimum investment 1 certificate
Launch date 24 Jun 2009
Certificates outstanding 50,492,860
Exchanges London Stock Exchange
SIX Swiss Exchange
London Stock Exchange
Deutsche Börse (Xetra)
Borsa Italiana
Euronext Amsterdam
Further information
ISA Eligible
SIPP Eligible
UCITS Eligible
UK reporting status Yes
Passported to Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Switzerland (Qualified investors only), Sweden, United Kingdom
Legal form Certificate (PD compliant)
Replication method Physical
Assets owned Physical Gold
Domicile Ireland
Financial year end 31 December
Key service providers
Issuer Invesco Physical Markets plc
Portfolio administrator Wells Fargo N.A.
Depositary J.P. Morgan Chase Bank N.A.
Auditor PricewaterhouseCoopers
Promoter Invesco UK Services Limited

Key information

Bloomberg ticker SGLD LN
ISIN IE00B579F325
Benchmark BBG ticker GOLDLNPM
Fixed fee 0.24%
CV (15 Oct 2019) $144.45
Total assets outstanding $7,293,768,061
Base currency USD

Key risks

If the issuer cannot pay the specified return, the gold will be used to repay investors. Investors will have no claim on the other assets of the Issuer.


The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETC performance is in the base currency, and is based on Net Asset Value after management fees. It does not consider commissions or custody fees payable when buying, holding or selling the ETC. The ETC does not charge entry or exit fees. Data: Invesco.

1. The daily precious metal entitlement is the amount of Fine Troy oz that is held as collateral for each certificate and decreases by the management fee which accrues daily. The total precious metal held is only reduced over a month when precious metal is sold to pay fees. The precious metal entitlement takes fees into account on a daily basis.
2. Total precious metal data up to date with last precious metal bar list appended to website.